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Pioneer Bar & Restaurant/Haines, Alaska 11-15 2nd Ave 7,655 SF Retail Building Haines, AK 99827 $875,000 ($114.30/SF) 14.97% Cap Rate



INVESTMENT HIGHLIGHTS
- Live, Work, and Prosper in Southeast Alaska. Seize a rare opportunity to own a restaurant, bar, and residential property in the heart of Haines, AK
EXECUTIVE SUMMARY
This is one of Alaska's best-valued future income potentials in the hospitality business in Alaska. Restaurant and Pioneer Bar is a landmark restaurant and bar located in the heart of downtown Haines, Alaska. The total square footage of the building is 7,655 SF, with 4,655 SF being the bar and restaurant, 3000 SF of apartments, and a 4,250 SF parking lot. Amenities: Bar and restaurant; 18' Cooks Line, 2 Walk-in Coolers, Walk-In Freezer, Frigidaire Beer Cooler, booths, Tables, and Chairs. Apartment: Custom Kitchen, Gas Range, Skylights, Island Breakfast Bar, Jacuzzi Bath, and Laundry Room. The sale includes an Alaska Beverage License. Owner financing is being offered to qualified buyers.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
7,655 SF
Building Class
C
Year Built
1900
Price
$875,000
Price Per SF
$114.30
Cap Rate
14.97%
NOI
$131,000
Business Value
$400,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.70
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial/Residential
Parking
10 Spaces (1.31 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Property Manager on Site
- Restaurant
- Signage
- Skylights
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Bamboo Room and Pioneer Bar
- Retailer
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Bamboo Room and Pioneer Bar | Retailer | 99,999 SF | - | - |
PROPERTY TAXES
| Parcel Number | C-TNS-02-0900 | Improvements Assessment | $467,400 |
| Land Assessment | $55,900 | Total Assessment | $523,300 |
PROPERTY TAXES
Parcel Number
C-TNS-02-0900
Land Assessment
$55,900
Improvements Assessment
$467,400
Total Assessment
$523,300
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Pioneer Bar & Restaurant/Haines, Alaska | 11-15 2nd Ave
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